Oilfield services company Weatherford (NASDAQ: WFRD) will be reporting results this Wednesday after market close. Here’s what you need to know.

Weatherford beat analysts’ revenue expectations last quarter, reporting revenues of $1.11 billion, down 8.2% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates.

Is Weatherford a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Weatherford’s revenue to decline 7.9% year on year, improving from the 12.6% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Weatherford has missed Wall Street’s revenue estimates multiple times over the last two years.

With Weatherford being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for upstream & integrated stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Weatherford is down 6.2% during the same time .

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